Iran will receive $7 billion in sanction relief in return for limiting its nuclear program. The deal that involves the P5+1 group (U.S., Britain, France, Germany, Russia, and China) came to an agreement with Iran will begin January 20, 2014. The Obama administration praised the deal with Iran, as they believe it is a step in the right direction. Iran will still be able to enrich specific levels of uranium under the deal.
The Hill — Iran and six world powers have reached an agreement to implement the interim nuclear deal starting on Jan. 20.
The agreement between Iran and the P5+1 group will give Iran roughly $7 billion in sanctions relief in exchange for curbs on its nuclear program.
The six-month agreement that was struck in November could not begin until the technical details were worked out, a process that was finalized on Sunday.
The White House hailed the agreement, saying it will mark the “the first time in a decade that the Islamic Republic of Iran has agreed to specific actions that halt progress on its nuclear program and roll back key parts of the program.”
As part of the interim deal, Iran has agreed to stop enriching 20-percent uranium, the level below weapons grade, but Tehran will still be able to enrich 5-percent uranium.
The interim deal was struck as a step forward to allow Tehran and the P5+1 group — the United States, Britain, France, Germany, Russia and China — to be able to reach a permanent deal.
“With today’s agreement, we have made concrete progress,” President Obama said in a statement.
“I welcome this important step forward, and we will now focus on the critical work of pursuing a comprehensive resolution that addresses our concerns over Iran’s nuclear program,” Obama said. “I have no illusions about how hard it will be to achieve this objective, but for the sake of our national security and the peace and security of the world, now is the time to give diplomacy a chance to succeed.”